In a significant collaboration, MANTRA has joined forces with DAMAC for a one billion dollar asset tokenization agreement. This partnership not only broadens the application of blockchain technology in the real estate sector but also increases investment possibilities.
Mantra, a blockchain platform specialized in tokenizing real-world assets (RWAs), has officially teamed up with DAMAC Group. As part of this partnership, DAMAC will allow the tokenization of its diverse Middle Eastern asset portfolio valued at approximately US$1 billion. This collaboration represents a major stride towards Mantra’s goal of revolutionizing how real-world assets are managed and funded through blockchain technology.
As a researcher, I am thrilled to announce a groundbreaking collaboration whereby DAMAC Group’s diverse portfolio, valued at a minimum of US$1 billion, will be integrated onto the MANTRA Chain. This strategic move paves the way for token-based financing across various sectors, fostering a safer, more secure, and more efficient asset management system.
We, the partners, are confident that blockchain technology will streamline investments, making them simpler, cleaner, and faster for our valued investors.
DAMAC Group, a business focused on real estate, hospitality, and data centers, views tokenization of assets as a pathway towards innovation. Previously, the company had been seeking out cutting-edge technologies to expand its services. By partnering with MANTRA, DAMAC hopes to offer investors an unprecedented level of transparency and security.
DAMAC Assets to Launch on MANTRA Chain in Early 2025
By early 2025, DAMAC assets will be accessible on the MANTRA Chain, marking a significant milestone for MANTRA. This move will broaden the range of digital assets that MANTRA offers. The CEO of MANTRA, John Patrick Mullin, expressed his enthusiasm about this development, referring to it as an endorsement for the Real World Assets (RWA) industry. He believes it will facilitate the integration of traditional financing onto the blockchain.
In addition to our current efforts, MANTRA Chain entered into a partnership with Google Cloud back in October 2024. From hereon, Google will serve as our primary validator and infrastructure provider. The aim of this alliance is to enhance the speed, security, and dependability of our blockchain network. This collaboration will undoubtedly bolster the robustness of our overall platform.
The collaboration aligns with DAMAC’s innovative approach. In discussions led by Amira Sajwani, Managing Director at DAMAC, the benefits of tokenization were highlighted. Through tokenization, investors can securely and conveniently explore novel investment possibilities in various assets.
As a researcher, I am excited to share that we have moved forward with the launch of our Mainnet, following the October announcement of MANTRA Chain. This step further solidifies our commitment to integrating blockchain into traditional finance, a trend that continues to gain traction. With MANTRA aiming to become a leading platform for tokenizing real-world assets, our recent partnership with DAMAC is fueling increased interest in the potential of blockchain to revolutionize sectors like finance and real estate.
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2025-01-10 14:13